ICICI Direct has come out with its first quarter (April-July’ 20) earnings estimates for the Real Estate sector. The brokerage house expects Kajaria Ceramics to report net profit at Rs. 7.1 crore down 86.1% year-on-year (down 85.7% quarter-on-quarter).
Net Sales are expected to decrease by 49.6 percent Y-o-Y (down 45.9 percent Q-o-Q) to Rs. 353.1 crore, according to ICICI Direct.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 68.2 percent Y-o-Y (down 63.9 percent Q-o-Q) to Rs. 33.7 crore.
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